Search Results< Return to Search
Based on information from California Regional Multiple Listing Service, Inc. as of February 19, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. To view the full disclaimer, please click here.
Monterey Park Multi-family Home Investment Property Search
Monterey Park is in the western San Gabriel Valley region located in Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Monterey Park.
Monterey Park’s population was 60,937 as of 2012. The estimated median household income in 2011 was $48,071 (it was $40,724 in 2000). This is lower than the California median which was $57,287 in 2011.
The Chinese-dominated business district, between Garfield Avenue and Garvey Avenue, is called "Downtown Monterey Park". In the mid-1980s, Lincoln Plaza Hotel was built to predominantly service tourists from Taiwan and Hong Kong. Monterey Park has many choices of Hong Kong fusion cafes and there are several Cantonese seafood restaurants. According to the City's 2010 Comprehensive Annual Financial Report, the top employers in the city are: East Los Angeles College (1,969), Garfield Medical Center (970), Los Angeles County Sheriff's Department (791), Superior Court of Los Angeles County - Edmund D. Edelman Children's Court (736), and Monterey Park Hospital (362).
The city also enjoys being close to a variety of conveniences. The nearest major airport is Bob Hope Airport (BUR). This airport has domestic flights from Burbank and is 22 miles from the center of Monterey Park. Another major airport is Long Beach Airport (LGB), which has domestic flights from Long Beach and is 24 miles from Monterey Park. There are two hospitals in Monterey Park: Garfield Medical Center and Monterey Park Hospital. The local college is East Los Angeles College with 7,738 full time enrolled students, but also only 3 miles away is the University of Southern California with 30,578 full time enrolled students.
Monterey Park has many attractions, including the Garvey Ranch Observatory, which has a telescope construction workshop, a historical museum, and a library. The recently opened commercial developments include Atlantic Times Square, which is anchored by AMC Theatres and 24 Hour Fitness, in addition to eating establishments and other stores. The development includes luxury condos directly above on the third through sixth floors. Also, Monterey Park Village is a 40,000 sq. ft. shopping center on South Atlantic Boulevard commercial corridor with a Staples, Walgreens and Togo’s eatery.
All of these features make Monterey Park a great place to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.ci.monterey-park.ca.us, city-data.com and wikipedia
Thank you for choosing TopAgentRealestate.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Monterey Park.